IDB Announces $617 Million in Development Funding

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JEDDAH

At the 289th meeting of its board of executive directors convened beginning of the week, the Islamic Development Bank (IDB) approved $617 million USD toward funding development projects, which included important projects in the areas of education ($174 million for Indonesia), electricity ($319.6 million for Iran, Uganda and Bangladesh), agriculture ($80 million for Morocco), sanitation ($ 15 mi